Sharp Daily
No Result
View All Result
Tuesday, May 20, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

NCBA’s M-Shwari To Extend Tentacles To 3 More African Markets

Domenic Ntoogo by Domenic Ntoogo
November 28, 2022
in News
Reading Time: 1 min read
NCBA Bank

NCBA Bank. [Photo/ Courtesy]

NCBA Group is readying to extend its M-Shwari services to 3 more African countries in a bid to affirm its dominance as a leading regional digital lender.

The Bank is in talks with banks and telcos from Ghana, Ethiopia and the Democratic Republic of Congo (DRC) to partner with making the new initiative a success.

NCBA Group chief executive officer John Gachora said the move will add the total number of countries it offers lending services to eight, although he did not divulge the telcos being targetted.

Read: NCBA Worst Hit Lender By CBK’s Credit Framework

RELATEDPOSTS

Kenya condemns attack on Embassy in DRC, calls for respect of international law

January 29, 2025

NCBA achieves strong Q3 2024 results with KES 15.1B profit

November 28, 2024

“In new markets, the model will be to work with local banking and mobile partners to deliver our products,” said Gachora.

“The countries of interest, for now, remain Ghana, Ethiopia and DRC – these added to our current five would make it eight countries.”

However, Ethiopia and DRC present NCBA with a unique market as the existing lenders in the country have not capitalized on technology in offering services across the social spectrum but rather focused more on big borrowers.

With the entry of Safaricom into Ethiopia recently, the telecommunication giant that NCBA partnered with in 2012 to birth M-Shwari, the bank anticipates to take advantage of the move to reach the less flooded yet highly populous market.

Read: NCBA Records Ksh12.8B In Net Profits

NCBA currently holds subsidiaries in Kenya, Uganda, Tanzania, Rwanda and the Ivory Coast, and the three additional countries will be a big boost to the group.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

NSE Issues Profit Warning For 2022

Next Post

Bamburi Cement Issues Profit Warning

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Navigating the fallout of foreign aid reductions

May 20, 2025

Kenya signs recruitment deal with UK Crown dependencies

May 20, 2025

Kenya’s economy gains momentum in April, Stanbic PMI shows

May 20, 2025

The importance of diversification in modern investment portfolios

May 20, 2025

Kenya’s coffee sector revitalization

May 19, 2025

How digital tools are transforming youth agribusiness in Kenya

May 19, 2025

Knight Frank: Kenya’s wealthy swap mansions for market moves

May 19, 2025

Kenya’s digital banking boom: A new era of financial inclusion

May 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024